US Department of Justice Seizes $450M Worth of Robinhood Shares Related to FTX

The US Department of Justice has seized or is in the process of seizing a number of assets potentially linked to FTX, including $450m worth of Robinhood shares, said Seth Shapiro, senior trial counsel for the Department of Justice, during a Delaware court proceeding on Wednesday. The assets could later be subject to forfeiture proceedings.

Previously, FTX asked the federal court to weigh in on the ownership of the Robinhood shares. SBF, BlockFi and FTX creditor Yonathan Ben Shimon have all sought to control the Robinhood shares.